Posted: Oct. 3, 2022 at 7:00 AM EDT|Up-to-date: 18 several hours back
Tech24 Completes Thirteenth Incorporate-on Acquisition
GREENVILLE, S.C., Oct. 3, 2022 /PRNewswire/ — Tech24, backed by HCI Equity Associates, today declared that it acquired 1st Resource Restaurant Products and services (“1st Supply” or the “Corporation”) on September 29, 2022. Tech24 is a nationwide service provider of restore and upkeep providers for foodservice and business HVAC devices. 1st Supply is Tech24’s thirteenth incorporate-on acquisition in the hugely fragmented foodservice maintenance and routine maintenance market. Fiscal conditions have been not disclosed.
Based in Lewisville, Texas, 1st Source is a provider of repair expert services, preventative servicing and set up for foodservice, refrigeration tools, HVAC and plumbing. The Enterprise solutions eating places, motels, religious establishments, country clubs and usefulness outlets in the Dallas-Fort Worth location, San Antonio and Arkansas. The acquisition presents Tech24 with enhanced coverage in Texas, which is a strategic precedence for the Company, and a solid, skilled crew led by CEO Travis Fogle.
Tech24’s CEO Dan Rodstrom, said, “We are very happy to increase 1st Resource to the Tech24 family members. They arrive with a terrific status for provider and recognized existence in the burgeoning Dallas-Fort Value current market. We are fired up to function along with Travis Fogle and the complete 1st Resource team as portion of the broader Tech24 organization.”
“1st Resource is our thirteenth acquisition in just about two years and validates the benefit proposition we present to business people wanting for a benefit-added strategic spouse,” mentioned Doug McCormick, Managing Associate at HCI. “Entering the fast-developing Dallas market is an exciting growth for the Tech24 system and HCI seems to be forward to supporting the combined firm.”
Quarles and Brady served as legal counsel to Tech24.
About HCI Fairness Partners
HCI Fairness Associates is a reduced current market personal fairness business targeted on partnering with family members and founder-owned distribution, producing and services firms. HCI is headquartered in Washington, DC. For much more details, make sure you check out www.hciequity.com.
Contacts:
Kelsey Clute, VP, Director of Communications, HCI
[email protected]
Megan Bowman, Lambert
[email protected]
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